[quote=moneymaker]Bloomberg says silver is at $19.84, higher than kitco says on their website.[/quote]
It really does change second by second. I’m not familiar with kitco, but if you’re not watching a live quote, it’s likely to be inaccurate. This moment, spot silver futures are at $19.94.
Yep that is what Bloomberg shows. I should probably start selling. Did you mean spot? Futures is something else,right. On kitco http://www.kitco.com/charts/livesilver.html it shows silver going straight up.
[quote=moneymaker]Yep that is what Bloomberg shows. I should probably start selling. Did you mean spot? Futures is something else,right. On kitco http://www.kitco.com/charts/livesilver.html it shows silver going straight up.[/quote]
Effectively, the same thing. The spot price is the current front month futures contract price. I know a lot of sites will tell you right up front that spot and futures are not the same. And they’re not. Exactly. Because there are futures contracts for every month. But spot IS the same as the front month future. It was going up, back down the last few minutes. Trading closes at 5 EDT.
[quote=moneymaker]Yes 2PM west coast time, then no markets are open for 60 minutes so the price can’t change during those 60 minutes, right!?[/quote]
Right, and the delta for the day resets when it reopens. Except on Fridays. It closes for the weekend, reopens, I think either 3:00 or 4:00 California time on Sunday. US holidays screw things up. I’m sure they’ll reopen this Sunday. But they might close 6:00 AM on Monday. Or they might not. That might just be what US market futures do. Metals futures probably stay open.
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